China-Pakistan Economic Corridor (CPEC): Fostering the Trade, Investment and Economic Globalization
In: Global social sciences review: an open access, triple-blind peer review, multidisciplinary journal, Volume IV, Issue II, p. 283-290
ISSN: 2616-793X
Though the 21st century was considered hallmark economic globalization and trade partnership but recent developments of Brexit and President Trumps protective and anti-multilateral trading have challenged the established liberal consensus on economic globalization. This paper would argue that on the contrary the case of CPEC is the recent initiative from China and Pakistan which is giving boost to the new wave of economic Globalization as the economic corridor China projected the Belt and Road as a road to prosperity whereas isolation brings backwardness, will be more true with regard to CPEC. For Pakistan it is a gamechanger as it is a framework of regional connectivity. CPEC will not only benefit China and Pakistan but will have positive impact on Iran, Afghanistan, India, Central Asian Republic, and the region. The enhancement of geographical linkages will further the economic globalization as against the anti-globalization moves.